The price of ORCA, the native token of the Solana-based decentralized exchange (DEX) Orca, has risen sharply following its recent listing on the South Korean cryptocurrency exchange Upbit.
According to CoinMarketCap statistics, ORCA’s price increased by more than 170%, reaching an annual high of $5.1021, up from a low of $1.56.
The main reason for the surge is Upbit’s move to support trading in ORCA. On 21 March, Upbit declared that it would list ORCA with KRW (Korean Won), BTC (Bitcoin), and USDT (Tether) trading pairs. The trading began at 17:00 KST on the same date.
Upbit’s listing of ORCA attracted much attention, particularly from South Korean investors, causing its price and trading volume to surge.
To avoid large price fluctuations, Upbit applied some restrictions on trading. For the initial five minutes of trading, buy orders on ORCA were limited.
Also, for the first hour, limited orders only were permitted to provide managed trading activity. Additionally, sell orders were set at 10% lower than the previous close to avoid steep declines and maintain stability in the market.
ORCA has been declining since December 6, when it hit a high of $7. However, Upbit’s listing has helped the token regain traction and reach $5 for the first time in 2025.
ORCA is currently trading at $3.69, an increase of approximately 132% within the last 24 hours. Its price over the last week has risen by 148%, and in the last month by 194%.
ORCA’s market capitalization is now $195.95 million, which is a 131% growth. Its 24-hour volume, on the other hand, has risen to $441.54 million, a whopping 6893% increase, pointing to high market activity and liquidity.
Analysts expect a short-term retracement in ORCA as the RSI suggests overbought circumstances. The key levels to watch are $3.50 as support and $4.50 as resistance.
Also Read: Bank of Korea Rejects Bitcoin for Foreign Exchange Reserves
